Real Estate & REIT
China Architectural Engineering: Pushing the envelope
Offset by ongoing urbanization, the Chinese real-estate market continues to show a strong appetite for apartment complexes, offices and retail space. Perfect news for China Architectural... | Nasdaq: CAEI |Comment
CoStar Group: The real-estate enabler
Mention "real estate" around investors, and many are likely to cringe. But there are bright spots amid the rubble of the subprime mess, and CoStar Group (Nasdaq:CSGP) could be one. | Nasdaq: CSGP |3 Comments
REIS shares soar on competitor’s second buyout offer
REIS Inc.’s (Nasdaq:REIS) stock skyrocketed by 63% today after rival CoStar Group Inc. reiterated Tuesday evening its unsolicited offer to buy the company for $8.75 a share in cash. | Comment
Gramercy Capital sheds 15% on lower Q2 earnings
Gramercy Capital Corp. (NYSE:GKK) is off 15% in today’s trading after the real estate investment trust reported a dip in second-quarter net income after the close Wednesday. | NYSE: GKK |Comment
Franklin Street Properties slides 10% on lower quarterly dividend
Real estate investment trust Franklin Street Properties Corp. (AMEX:FSP) is off 10% today after the company declared a quarterly dividend that was 39% lower than its previous quarterly dividend.... | AMEX: FSP |Comment
E-House China Holdings shares up after reaffirming Q2 guidance
E-House China Holdings Limited (NYSE:EJ) on Monday reaffirmed its second-quarter guidance of $41 million to $44 million despite a weak housing market in China and the recent earthquake in the... | NYSE: EJ |Comment
Check on China: China Housing & Land Development, Inc.
China Housing and Land Development (Nasdaq:CHLN) is the largest private developer of residential and commercial property in northwestern China. | Nasdaq: CHLN |Comment
Stewart Enterprises CEO "encouraged" by May activity
Stewart Enterprises, Inc. (Nasdaq:STEI) CEO Thomas Crawford said that the funeral services company’s sales of cemetery burial plots for anticipated funerals, or pre-need property sales, during... | Nasdaq: STEI |Comment
IRSA Investments: Tapping into a building boom
Investments and Representations (NYSE:IRS) has diversified broadly in the capital-driven building bonanza in Argentina. | NYSE: IRS |1 Comment
Newsletter Watch: Xinyuan Real Estate
Having just spent several weeks touring China, Global Investing editor Vivian Lewis uncovered several intriguing new ideas, including one small-cap stock in the homebuilding sector — Xinyuan Real... | NYSE: XIN |Comment
CEO: Great Wolf Resorts' model working well in gloomy economy
Great Wolf Resorts, Inc. (Nasdaq:WOLF) CEO John Emery said the operator of indoor water-park resorts’ business model is working well in the challenged economy. | Nasdaq: WOLF |Comment
Hill International: The houses that Hill built
With a global construction market estimated at $4.8 trillion in 2008, Hill International (NYSE:HIL) has benefited from a highly diverse group of customers, from Europe to the Middle East, and North... | NYSE: HIL |Comment
Anworth Mortgage Asset plunges on analyst downgrade
Anworth Mortgage Asset Corp. (NYSE: ANH) shares plunged after investment bank Keefe Bruyette & Woods downgraded the Santa Monica, Calif.-based real estate investment trust to “market perform”... | ANH |Comment
CEO: U-Store-It can profit from housing turmoil
U-Store-It Trust (NYSE: YSI) CEO Dean Jernigan said the real estate investment trust, which owns self-storage facilities, might benefit from the housing market turmoil. Jernigan made the statements... | YSI |Comment
American Campus Communities snaps up new properties
American Campus Communities, Inc. (NYSE: ACC) shares are increasing moderately after the real estate investment trust announced it is buying the student housing business of GMH Communities Trust... | GCT |Comment
Empire Resorts plummets after casino request denied
Empire Resorts, Inc. (Nasdaq: NYNY) shares are on a downward spiral after the gambling and resort management company said it received a letter from the Department of the Interior that denied a... | NYNY |Comment
Parkway Properties expects FY08 funds in line with estimates
Parkway Properties, Inc. (NYSE: PKY) reported it expects fiscal 2008 funds from operations in the range of $4 to $4.20 per share, in line with analyst estimates of $4.04 per share. | PKY |Comment
Comstock Homebuilding Companies posts wider-than-expected loss for Q3
Comstock Homebuilding Companies, Inc. (Nasdaq: CHCI) today reported considerably lower-than-anticipated results for the third quarter on a continued languishing housing market. | CHCI |Comment
Newsletter Watch: Opposites attract
In this week’s newsletter watch, we look at two stocks at opposite ends of the sentiment spectrum. One is a contrary play on the out-of-favor real estate sector. The other, a play on the very... | BTJ |Comment
American Mortgage Acceptance plunges after widely missing analyst Q1 estimates
American Mortgage Acceptance Company (AMEX: AMC) shares are tumbling after the real estate investment trust swung to a third-quarter loss of $0.19 million, or $0.06 per share, widely missing... | AMC |Comment
LandAmerica Financial Group slips after swinging to Q3 loss
LandAmerica Financial Group, Inc. (NYSE: LFG) shares are slipping after the real estate holding company swung to a third-quarter loss of $20.8 million, or $1.28 per share, below analyst estimates... | LFG |Comment
Brookfield Homes reports 94% Q3 profit plunge
Brookfield Homes Corp. (NYSE: BHS) announced after Friday’s closing that its third-quarter plunged 94% to $1.6 million, or $0.06 per share, from $27.6 million, or $1.03 per share, a year earlier.... | BHS |Comment
WCI Communities: Only contrarians need apply
WCI Communities, Inc. is a designer, builder, and sometimes manager of leisure-oriented master-planned communities. WCI’s primary market, Florida (90% of revenues), has consistently outpaced the... | WCI |1 Comment
Ramco-Gershenson Properties Trust down on lower Q3 revenue
Ramco-Gershenson Properties Trust (NYSE: RPT) shares are edging down after the real estate investment trust reported before the opening that its third-quarter revenue decreased to $37.75 million,... | RPT |Comment
Fannie Mae to reinstate $79.6M in loans to Tarragon Corp.
Tarragon Corp. (Nasdaq: TARR), a developer of multifamily housing for both renting and selling, said this morning that Fannie Mae will reinstate a combined $79.6 million in loans it made to... | TARR |Comment
Beazer Homes to cut expenses, offer discounts
Beazer Homes USA, Inc. (NYSE: BZH) CEO Ian McCarthy said the homebuilder is cutting expenses and offering discounts in order to survive the volatile housing market. The chief executive also told... | BZH |Comment
NovaStar Financial down after terminating status
Subprime lender NovaStar Financial Inc. (NYSE: NFI) said after Monday’s close it is terminating its status as a real estate investment trust (REIT) after it could not pay investors the required... | NFI |Comment
Tarragon falls, faces lawsuit
Shares of Tarragon Corp. (Nasdaq: TARR) are down after the homebuilder and real estate developer was accused of violating federal securities laws, according to a class action lawsuit revealed after... | TARR |Comment
Home Solutions of America to recognize revenue from Fireline project in Q3
Shares of Home Solutions of America (Nasdaq: HSOA) are heading higher this morning in pre-market trading after the provider of home restoration and interior services said its Fireline Restoration,... | HSOA |Comment
Modest gains for Russell, Dow
The Russell 2000 and the Dow closed with slim gains on a quiet day marked by news of strong earnings from a major retailer and credit fears. | INDU |Comment
AmeriVest Properties, TOP Tankers Inc. and Grubb & Ellis Co. lead Monday percentage gainers
AmeriVest Properties (AMEX: AMV), TOP Tankers Inc. (Nasdaq: TOPT) and Grubb & Ellis Co. (NYSE: GBE) are among the biggest percentage gainers in Monday's trading among companies with market... | Comment
Alesco Financial rises as Q2 profit meets expectations
Shares of Alesco Financial Inc. (NYSE: AFN) are higher following news before the opening that second-quarter profit met Wall Street’s expectations. | AFN |Comment
Late rally lifts Russell
The Russell 2000 and the Dow gained on news of modestly upbeat economic data, despite more credit concerns. | CRZ |Comment
Crystal River Capital Inc. plunges after downgrade
Shares of Crystal River Capital Inc. (NYSE: CRZ) are tumbling today after A.G. Edwards & Sons downgraded the mortgage REIT to a “hold” rating from “buy” on mortgage industry uncertainty. | CRZ |Comment
Credit worries sink stocks
The Russell 2000 and the Dow reversed earlier gains to fall sharply on renewed credit concerns. | GM |1 Comment
Russell 2000 may drop
The Russell 2000 futures are a hair above the flat line but the index may open in negative territory on more concerns of a credit crunch. | AHM |Comment
Leading Tuesday small-cap percentage gainers: Gigabeam Corp., Republic Property Trust, Microvision Inc.
Gigabeam Corp. (Nasdaq:GGBM), Republic Property Trust (NYSE: RPB) and Microvision, Inc. (Nasdaq: MVIS) are among the biggest percentage gainers in Tuesday's trading among companies with market... | GGBM |Comment
Wall Street rising
The Russell 2000 and the other major U.S. indices are up on news an index of core inflation is within the U.S. Federal Reserve’s preferred range. | EPCT |Comment
Starent Networks Corp. leads Wednesday small-cap percentage losers
Levitt Corp. (NYSE: LEV) restated its first-quarter results due to an inter-company transaction accounting error. Levitt downwardly revised its earnings for the three months ended March 31 to... | STAR |Comment
Pre-market: Sigma Designs raises Q1 profit
Sigma Designs, Inc. raised its net income for the quarter ended May 5 to $8.5 million, or $0.32 per share, beating analysts' projections. | SIGM |Comment
Sector Watch: Modular homes
Demographics are favoring long-term growth for the modular home industry. Here are two small-caps that stand to benefit. | FLE |Comment
Sterling Financial Corp. leading small-cap percentage losers
The losses continue
The major indices continue to trade below the flat line this afternoon, while the price of oil has risen sharply. | GBR |Comment
Friday after hours
Dublin, Ohio-based home builder Dominion Homes Inc. reported after the close Friday a doubling of its first-quarter net loss – to $11.5 million, or $1.41 per diluted share, compared with a net... | DHOM |Comment
Eagle Hospitality shares soar on buyout offer
Shares of Eagle Hospitality Properties Trust Inc. (NYSE: EHP) established a new 52-week-high in heavy trading today after the company this morning announced it will be acquired by AP AIMCAP, a real... | EHP |Comment
Enpath Medical leads small-cap percentage gainers
Pre-market: Adolor down on poor drug results
Shares of Adolor Corporation following news the company put on hold the development of its bowel disorder drug. | ADLR |Comment
